Magnit Opens a New Distribution Center

Press-release Krasnodar May 12, 2015 PJSC "Magnit" Announces the Opening of a New Distribution Center Krasnodar, May 12, 2015: PJSC "Magnit", Russia's largest retailer (the"Company"; MOEX and LSE: MGNT) announces the opening of a new distributioncenter in Perm. Please be informed that the Company has opened a new distribution center (DC)in Perm. Total space of the warehouse is over 48 thsd. sq. m. Launch of the newdistribution facility will improve the quality of service in the Volga region. "Magnit" operates 29 distribution centers with their total capacity of1 077 486 sq. m. For further information, please contact: Timothy Post Director, Investor Relations Email: [email protected] Office: +7-861-277-4554 x 17600 Mobile: +7-961-511-7678 Direct Line: +7-861-277-4562 Dina Svishcheva Deputy Director, Investor Relations Email: [email protected] Office: +7-861-277-45-54 x 15101 Mobile: +7-961-511-0202 Direct Line: +7-861-277-4562 Company description: Magnit is Russia's largest food retailer. Founded in 1994, the company isheadquartered in the southern Russian city of Krasnodar. As of March 31, 2015,Magnit operated 28 distribution centers and over 10,000 stores (8,581convenience, 300 hypermarkets, and 1,239 drogerie stores) in approximately2,180 cities and towns throughout 7 federal regions of the Russian Federation. In accordance with the audited IFRS consolidated financial statements for 2014,Magnit had revenues of RUB 764 billion and an EBITDA of RUB 86 billion.Magnit's local shares are traded on the Moscow Stock Exchange (MOEX: MGNT) andits GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit ratingfrom Standard & Poor's of BB+. Measured by market capitalization, Magnit is oneof the largest retailers in Europe.